Sri Mulyani Ensures That The 2024 State Budget CONTINUES To Support Electric Vehicles

Minister of Finance Sri Mulyani (Photo: Capture the Youtube screen of the DPR RI)

Minister of Finance (Menkeu) Sri Mulyani revealed that the 2024 State Budget still prioritizes efforts to develop the domestic electric vehicle ecosystem.

This was conveyed by the Minister of Finance when representing the government to give a response to the views of the DPR factions on the framework of the Macroeconomics and the Principles of Fiscal Policy (KEM PPKF) 2024.

"Support for the policy of developing Battery-Based Electric Motor Vehicles (KBLBB) is an effort to accelerate economic transformation for the creation of high added value," he said at the Senayan Parliament Complex, Jakarta on Tuesday, May 30.

According to the Minister of Finance, this strategy is also useful in job opportunities, as well as the use of environmentally friendly energy.

"So that Indonesia can reduce carbon emissions and the government can make energy subsidy efficiency," he said.

The state treasurer added that the government's initiative was not self-sufficient but an existing phenomenon globally. He said efforts to encourage the creation of electric vehicle ecosystems also occurred in America, Europe, China, and several of our neighboring countries such as Vietnam, Thailand, and Malaysia.

"motor vehicle manufacturers in many countries have also committed to switching to producing 100 percent electric cars by 2035-2040," he said.

In order to achieve this target, the Minister of Finance said that the 2024 State Budget provides its own space as a form of fiscal support from the government.

"The government introduces a series of directed incentives both in terms of supply and demand to stimulate investment and use of electric vehicles by the public at large," he concluded.